Who Is The Buyer For Today's New York City Luxury Real Estate ?

Posted by Staff Reporter on Jun 17, 2019 04:40 PM EDT
  • email
  • print
Close
Who Is The Buyer For Today's New York City Luxury Real Estate ?more big
(Photo : pixabay)

Who's buying these big-ticket New York City homes? In San Francisco, it's the Silicon Valley people. Conventional wisdom has it that when the IPOs go through, all the newly minted multi-millionaires will upgrade their homes in the city by the bay, making that enormously expensive real estate market even more enormously expensive.

In Los Angeles, it has mostly always been show business and music that have continued to fuel the mansion market, a market in which the discerning observer can recapitulate the world history of architecture within the space of two blocks.

Full Article

Get the Most Popular RealtyToday Stories in a Weekly Newsletter
RealtyToday Best Deals
Real Time Analytics